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Pensioners Loan
United Bank of India- United Personal Loan Scheme
for Pensioners
Purpose of Loan:
United Personal Loan Scheme for Pensioners is mainly used to meet
various family and personal expenses relating with them.
Eligibility of Pensioners Loan:
Pensioners in receipt of regular monthly pension from
Central and State Governments, Central and State Governments' Undertakings,
Defense Services, reputed Companies, Educational Institutions (Universities,
Institutes, Schools and Colleges) are eligible for pensioners loan. The
pensioners age is not more than 75 years.
Quantum of Loan:
Quantum of loan must be a maximum of twelve months' net pension
disbursed by the bank subject to a maximum of Rs.1,00,000/-.
Rate of Interest:
The interest rate for United Personal Loan for Pensioners is fixed to
13 % p.a.
Disbursement of Loan:
The loan shall be disbursed through borrower's Savings
Bank A/c other than the account in which his or her pension is credited
every month. If you are not having any Savings Bank A/c with the bank,
you may open a Savings A/c with the Branch jointly with another member
of your family, preferably with family pensioner for the purpose of availing
of the loan under the Scheme.
Processing Fee:
There is 1 % may be considered as a processing charges for Senior
Citizen above 60 years.
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